Documents Required for Education Loan

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List of Documents for Education Loan

Need an education loan to study in India or abroad? Having all the documents required for an education loan in place makes the application process smooth and hassle-free. You can avoid delays and avail of a pre-admission sanction for a secured or non-collateral education loan. So, go through this quick guide to learn about the documents needed for an education loan from Tata Capital, including ID and address proof, admission letter, academic records, and more.

Photograph
Photo Identity Proof
A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Permanent Account Number OR Form 60 (wherever applicable)
Address Proof:
A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Signature Verification
Income Proof- Submit Form 16 for the last 2 years and a copy of your bank statements for the past 6 months
Salary Slips: A Copy of your Salary slips for the past three months

Photograph
Photo Identity Proof
A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Permanent Account Number OR Form 60 (wherever applicable)
Address Proof- A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Signature Verification
Income Proof
Income Tax Return, Profit and Loss, Balance Sheet & a copy of your bank statements for the past 6 months

Documents Required for Education Loan with a Co-Applicant

If you are applying for an education loan finance with a co-applicant, you must submit the following documents:

Applicant:

Proof of Identity: A copy of your Voter ID / Passport / Driving License / Aadhaar Card
Proof of Address: A copy of your Voter ID / Passport / Driving License / Aadhaar Card
A copy of the marksheets, degree certificates, and entrance exam scores
Admission proof: Confirmation of admission, offer/acceptance letter, I-20 (for USA)

Co-applicant:

Proof of Identity and Address: A copy of the Voter ID / Passport / Driving License / Aadhaar Card

For salaried co-applicant: Form 16, salary slips, salary account bank statement, Income Tax Returns (ITR)
For self-employed co-applicant: Business bank account statement, GST registration, ITR

Note: Tata Capital may ask for additional education loan documents if required.

FAQs on Documents Needed for Education Loan

Tata Capital allows education loans even if income proof is unavailable. In such cases, alternative measures like adding a financially stable co-borrower, providing collateral, or demonstrating other sources of income (such as family support or rental income) are necessary to establish repayment capability.

Yes, you can apply for an education loan without a salary slip, especially if you're a student. However, if you're a co-applicant (such as a parent or guardian), income proof is typically required.

Yes, submitting an Income Tax Return (ITR) is necessary when applying for an education loan.

Yes, having a co-applicant is usually mandatory for an education loan, especially for full-time academic programs, as they share the responsibility of repayment along with the student. This gives lenders added financial security if the student does not have an income source. Acceptable co-applicants for Tata Capital include:

Father
Mother
Brother
Sister
Spouse (husband/wife)
Grandparents
Parents-in-law
Maternal/paternal uncle

Tata Capital does not require a gap certificate for education loans. However, applicants must provide relevant academic documents such as 10th and 12th mark sheets, entrance exam scores, and confirmation of admission to a recognized institute.

Proof of admission is simply a document that shows you’ve been accepted into your chosen course. It helps confirm that the loan is being taken for genuine educational purposes. For Tata Capital, accepted proofs include: